The ESG Brief - Hydrogen's role in the energy transition, and regulatory talking points
HSBC Global Viewpoint
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The European Union's Emissions Trading System
HSBC's first report on climate policy is all about carbon and carbon trade in Europe. The European Union emissions trading system which establishes a price on carbon has been underway for years. Research shows that by giving companies free allowances it dents their incentive to invest in decarbonisation. By 2034 none of these industries will receive free permits anymore.
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